---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-049821"
form_type: "8-K"
ticker: "SDST"
cik: "0001831979"
company_name: "Stardust Power Inc."
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T04:16:34.373723+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stardust Power issues $1.75M promissory note at 15% interest; shares pledged as collateral

## Summary
- Loan of $1,750,000 at 15% annual interest, maturing March 6, 2025.
- Collateral: 5,500,000 shares of common stock owned by CEO Roshan Pujari.
- Company to issue $3.5M in common stock to lender upon private placement or maturity.
- Unregistered sale of equity securities under Regulation D exemption.
- Special committee of independent directors approved the related-party transaction.

## SEC filing metadata
- accession: 0001493152-24-049821
- form_type: 8-K
- ticker: SDST
- cik: 0001831979
- company_name: Stardust Power Inc.
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831979/000149315224049821/0001493152-24-049821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831979/000149315224049821/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-049821
- JSON: https://secwatch.observer/filing/0001493152-24-049821.json
- Plain text: https://secwatch.observer/filing/0001493152-24-049821.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.